After good earnings last week and a small consolidation, reaching $20.22 low today and maintaining above the 100 EMA, I decided to go long for a swing.
My position is at $20.86, looking bullish for a 10% upside while potentially reaching to the 50 EMA, 200 EMA, and 20 EMA.
Another potential upside is to go even higher to 28%, reaching the higher resistance level. Though I don't feel too comfortable about it as there is no strong enough support and resistance area above the 10% upside area I'm looking for. If you feel different and found something else I'd love to learn and discuss it.
I have a stop loss at $18.93. Will update you further on the outcome.
My position is at $20.86, looking bullish for a 10% upside while potentially reaching to the 50 EMA, 200 EMA, and 20 EMA.
Another potential upside is to go even higher to 28%, reaching the higher resistance level. Though I don't feel too comfortable about it as there is no strong enough support and resistance area above the 10% upside area I'm looking for. If you feel different and found something else I'd love to learn and discuss it.
I have a stop loss at $18.93. Will update you further on the outcome.